republic-os/legislation/us/states/tn/112/sb-539.md

---
type: "Bill"
title: "Public Funds and Financing - As enacted, requires that certain notes issued by governing bodies of municipalities related to public works projects be approved by the comptroller of the treasury or the comptroller’s designee; makes other revisions to provisions governing bonds and notes issued by local governments. - Amends TCA Title 7; Title 9 and Section 12-10-116."
description: "Public Funds and Financing - As enacted, requires that certain notes issued by governing bodies of municipalities related to public works projects be approved by the comptroller of the treasury or the comptroller’s designee; makes other revisions to provisions governing bonds and notes issued by local governments. - Amends TCA Title 7; Title 9 and Section 12-10-116."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "112"
identifier: "SB 539"
citation: "Tennessee SB 539 (112)"
classification: ["bill"]
subjects: ["Public Funds and Financing"]
status: "enacted"
primary_sponsors: ["Baum", "Watson"]
version_count: 1
action_count: 36
vote_count: 8
first_action: "2021-02-08"
last_action: "2021-04-21"
source: "openstates"
source_identifier: "ocd-bill/9b9c5aff-3737-4cca-a3e8-0275fcf09043"
source_url: "http://wapp.capitol.tn.gov/apps/BillInfo/default.aspx?BillNumber=SB0539&GA=112"
source_hash: "52872102d2f8ed3f9f882be6929b764f71a5ba7237a35ca62a4c89c4db19546c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 539 (112) — Public Funds and Financing - As enacted, requires that certain notes issued by governing bodies of municipalities related to public works projects be approved by the comptroller of the treasury or the comptroller’s designee; makes other revisions to provisions governing bonds and notes issued by local governments. - Amends TCA Title 7; Title 9 and Section 12-10-116.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Current Version** (committee substitute) — [source](https://www.capitol.tn.gov/Bills/112/Bill/SB0539.pdf)

## Votes

- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage, refer to Senate Calendar Committee 3/24/2021 Passed (2) — **7–0** (pass) · upper
- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 3/29/2021 Passed (1) — **93–0** (pass) · lower
- HOUSE CITIES SUBCOMMITTEE: 3/2/2021 Failed — **0–0** (fail) · lower
- HOUSE LOCAL GOVERNMENT COMMITTEE: Rec. for pass; ref to Finance, Ways, and Means Committee 3/9/2021 (5) — **0–0** (pass) · lower
- HOUSE FINANCE, WAYS, AND MEANS SUBCOMMITTEE: Rec. for pass by s/c ref. to Finance, Ways, and Means Committee 3/17/2021 (4) — **0–0** (pass) · lower
- HOUSE CALENDAR & RULES COMMITTEE: H. Placed on Regular Calendar for 3/29/2021 3/25/2021 (2) — **0–0** (fail) · lower
- HOUSE FINANCE, WAYS, AND MEANS COMMITTEE: Rec. for pass; ref to Calendar & Rules Committee 3/23/2021 (3) — **0–0** (pass) · lower
- FLOOR VOTE: Motion to Adopt 3/29/2021 Passed (1) — **32–0** (pass) · upper

## Sponsors

- Baum — primary (person)
- Watson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-02-08** Filed for introduction `introduction, reading-1`
- **2021-02-08** Filed for introduction `introduction, reading-1`
- **2021-02-10** Introduced, Passed on First Consideration `introduction`
- **2021-02-10** Intro., P1C. `introduction`
- **2021-02-11** Passed on Second Consideration, refer to Senate State and Local Government Committee
- **2021-02-11** P2C, ref. to Local Government Committee `referral-committee`
- **2021-02-20** Assigned to s/c Cities & Counties Subcommittee `referral-committee`
- **2021-02-24** Placed on s/c cal Cities & Counties Subcommittee for 3/2/2021
- **2021-03-02** Rec. for pass by s/c ref. to Local Government Committee `committee-passage-favorable`
- **2021-03-03** Placed on cal. Local Government Committee for 3/9/2021
- **2021-03-09** Rec. for pass; ref to Finance, Ways, and Means Committee `committee-passage-favorable`
- **2021-03-10** Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/17/2021
- **2021-03-10** Assigned to s/c Finance, Ways, and Means Subcommittee `referral-committee`
- **2021-03-16** Placed on Senate State and Local Government Committee calendar for 3/23/2021
- **2021-03-17** Placed on cal. Finance, Ways, and Means Committee for 3/23/2021
- **2021-03-17** Rec. for pass by s/c ref. to Finance, Ways, and Means Committee `committee-passage-favorable`
- **2021-03-23** Placed on Senate State and Local Government Committee calendar for 3/24/2021
- **2021-03-23** Action deferred in Senate State and Local Government Committee to 3/24/2021
- **2021-03-23** Rec. for pass; ref to Calendar & Rules Committee `committee-passage-favorable`
- **2021-03-24** Recommended for passage, refer to Senate Calendar Committee
- **2021-03-24** Placed on cal. Calendar & Rules Committee for 3/25/2021
- **2021-03-25** Placed on Senate Consent Calendar 2 for 3/29/2021
- **2021-03-25** H. Placed on Regular Calendar for 3/29/2021
- **2021-03-29** Passed H., Ayes 93, Nays 0, PNV 0 `passage`
- **2021-03-29** Subst. for comp. HB.
- **2021-03-29** Engrossed; ready for transmission to House
- **2021-03-29** Passed Senate, Ayes 32, Nays 0 `passage`
- **2021-03-29** Comp. SB subst.
- **2021-03-31** Enrolled and ready for signatures
- **2021-04-01** Signed by Senate Speaker
- **2021-04-05** Signed by H. Speaker
- **2021-04-06** Transmitted to Governor for action.
- **2021-04-13** Signed by Governor. `executive-signature`
- **2021-04-21** Effective date(s) 04/13/2021
- **2021-04-21** Pub. Ch. 128
- **2021-04-21** Comp. became Pub. Ch. 128

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9b9c5aff-3737-4cca-a3e8-0275fcf09043`. Confidence: reported (aggregated from official Tennessee legislature records).